Key Developments: Mega Uranium Ltd (MGA.TO)

MGA.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mega Uranium Ltd proposes private placement
Friday, 15 May 2015 09:04am EDT 

Mega Uranium Ltd:Proposes to complete a non-brokered private placement to sell up to 25,000,000 units at a price of $0.09 per Unit, for aggregate gross proceeds of up to $2,250,000.Proceeds from the sale of the Units will be used for general working capital.  Full Article

Sheldon Inwentash retires as chairman and a member of Mega Uranium Ltd's board of directors
Thursday, 19 Mar 2015 07:01pm EDT 

Mega Uranium Ltd:Says retirement of Sheldon Inwentash as chairman and a member of the company's board of directors, effective March 19.  Full Article

Mega Uranium Ltd announces management rationalization
Friday, 6 Mar 2015 04:16pm EST 

Mega Uranium Ltd:Completes a review and rationalization process aimed at increasing efficiencies and reducing costs within its senior management team, resulting in the promotion of Richard Patricio to the role of Chief Executive Officer and President of Mega.Sheldon Inwentash and Stewart Taylor, the previous Chief Executive Officer and President, respectively, have resigned from those executive positions allowing for Patricio's appointment, but remaining in their roles as Chair and director of the Company, respectively.  Full Article

Mega Uranium Ltd acquires securities of Macusani Yellowcake Inc
Monday, 7 Jul 2014 12:48pm EDT 

Mega Uranium Ltd:Announces that on July 4, 2014, it acquired ownership of 3,571,428 shares and 3,571,428 share purchase warrants of Macusani Yellowcake Inc. (Macusani) representing about 4.2pct of the total outstanding shares of Macusani as of July 4, 2014.  Full Article

Mega Uranium Ltd and Cameco Corp's Cameco Australia Pty Ltd Enter Formal Binding Farm in and Joint Venture Agreement for Kintyre Rocks Project, Western Australia
Thursday, 30 Jan 2014 09:38am EST 

Mega Uranium Ltd:Says that it had entered into a non-binding farm in and joint venture terms sheet with Cameco Australia Pty Ltd, a wholly owned subsidiary of Cameco Corporation.Says in respect of certain granted tenements and tenement applications that comprise Mega's Kintyre Rocks project, located in the East Pilbara region of Western Australia.Says the Project, owned by Boxcut Mining Pty Ltd, a wholly owned subsidiary of Mega, immediately surrounds the lease containing the Kintyre uranium deposit, jointly owned by Cameco and Mitsubishi Development Pty Ltd.Says pursuant to the definitive agreement Cameco may earn an initial 51% interest in the Project by sole funding expenditure for exploration activities of AUD$2 million within 24 months from the date of the Definitive Agreement.Says upon Cameco earning a 51% interest in the Project, Boxcut and Cameco will form a joint venture for the purpose of maintaining and exploring, and, if justified, the development and mining of, the Project.Says Cameco will be the operator of the Project during the Stage 1 Farm In period and the manager of the joint venture after the joint venture formation date.Says Cameco may elect to earn an additional 19% interest in the Project (for an aggregate total interest of 70%) by sole funding expenditure for exploration activities of AUD$4 million (inclusive of the AUD$2 million expenditure to earn a 51% interest in the Project).Says within four years from the date of the definitive agreement.  Full Article

Mega Uranium Ltd acquires securities of Bayswater Uranium Corp
Friday, 17 Jan 2014 06:02pm EST 

Mega Uranium Ltd:Says that on Jan. 17, it acquired ownership of 2,759,807 common shares Bayswater Uranium Corp, representing about 11.5 pct. of the total issued and outstanding common shares of Bayswater as of January 17, pursuant to a private transaction.Says these transactions were made for investment purposes and Mega could increase or decrease their investment in Bayswater depending on market conditions or any other relevant factor.  Full Article

Energy Fuels Inc agrees to sell its interest in Bayswater Uranium Corp to Mega Uranium Ltd
Thursday, 19 Dec 2013 07:00am EST 

Energy Fuels Inc:Enters into a securities purchase agreement to sell all of its shares of Bayswater Uranium Corp. to Mega Uranium Ltd. in exchange for 1,750,000 newly issued common shares of Mega.Says it acquired 2,759,807 shares of Bayswater as part of its Aug. 30, acquisition of Strathmore Minerals Corp.Says 2,759,807 shares represent about 11.5 pct of the issued and outstanding shares of Bayswater.Says the transaction is expected to be completed on or before Jan. 17, 2014.Says the shares of Mega being acquired by Energy Fuels will be issued on a private placement basis and are subject to a statutory four-month holding period.  Full Article

Mega Uranium Ltd Closes Sale Of Lake Maitland Uranium Project To Toro Energy Ltd
Tuesday, 19 Nov 2013 11:48am EST 

Mega Uranium Ltd (Mega or the Company) announced that it has closed the previously announced sale of its Lake Maitland Uranium Project ("Lake Maitland") in Western Australia to Toro Energy Limited (Toro) for 415 million fully paid ordinary shares in the capital of Toro (the "Transaction"), representing approximately 28% of the issued and outstanding shares of Toro.  Full Article

Rockgate Capital Corp Announces Termination of Agreement With Mega Uranium Ltd; Updates On Denison Mines Corp Offer
Tuesday, 24 Sep 2013 02:01pm EDT 

Rockgate Capital Corp announced that it has terminated its arrangement agreement with Mega Uranium Ltd (Mega) dated August 13, 2013 (the Arrangement Agreement). The Board of Directors of Rockgate (the Board) determined that the unsolicited take-over bid (the Denison Offer) from Denison Mines Corp (Denison) pursuant to which Denison has offered to acquire all of the issued and outstanding shares of Rockgate constitutes a Superior Proposal within the meaning of the Arrangement Agreement. Mega subsequently waived its right to match the Denison Offer and, as provided for in the Arrangement Agreement, a termination fee of CAD1,000,000, has been paid by Rockgate to Mega. The Board also announced that it is not making a recommendation at this time with respect to the acceptance or rejection of the Denison Offer. while the Denison Offer provides Rockgate shareholders with an opportunity to realize a premium to the trading price of Rockgate's shares prior to the announcement of the Denison Offer and a premium to the attributed value of the previously proposed transaction with Mega, the Board of Directors has concerns with the financial terms of the Denison Offer, the Denison Offer constitutes a change of control transaction, which is a different type of transaction than the previously proposed merger of equals with Mega. The Denison Offer thus need to be evaluated.  Full Article

Toro Energy Ltd Acquires Lake Maitland Uranium Project From Mega Uranium Ltd
Sunday, 11 Aug 2013 08:00pm EDT 

Toro Energy Ltd announced that it has entered into a binding terms sheet to acquire the Lake Maitland Uranium Project in Western Australia from Mega Uranium Ltd for 415 million fully paid ordinary shares in Toro. Lake Maitland is located 90 km south-east of the proposed site of the processing facility at Toro’s 100% owned Wiluna Uranium Project.  Full Article

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